Stem Cell Banking Market by Service Type (Collection & Transportation, Processing, Analysis, and Storage), Utilization (Used and Unused), Cell Type (Umbilical Cord Stem Cell, Cord Blood, Cord Tissue, Placenta, Adult Stem Cell, and Embryonic Stem Cell), and Bank Type (Public and Private): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global stem cell banking market was valued at $4,298.5 million in 2020, and is projected to reach $16,558.4 million by 2030, registering a CAGR of 15.6% from 2021 to 2030.
Stem cell banking is the process of procuring precious stem cells from human body, processing and storing them for potential future use in stem cell treatments. Stem cell banks use low temperatures to preserve the biological properties of stem cells, protect them from contamination and degeneration. Standardized and quality controlled preservative procedures are required for any stem cell bank in order to preserve the cells for longer periods of time without losing their properties.
Rise in number of births occurring globally, increase in R&D activities in regards with applications of stem cells, and surge in prevalence of fatal chronic diseases drive the growth of the market. In addition, stem cells are used for various types of cancers and blood related diseases. For instance, according to the Journal of Leukemia & lymphoma society’s report, in 2021, it was estimated that around 186,400 populations in the U.S. are diagnosed with leukemia, lymphoma, or myeloma. The rise in disposable income globally is projected to help increase the number of stem cell units stored, which in turn boosts the market growth.
Furthermore, surge in demand for advanced treatment for serious diseases boosts market growth. The rise in number of stem cell banks and increase in health expenditure of peoples further contribute in market growth.
The stem cell banking market is segmented on the basis of service type, utilization, cell type, bank type, and region. By service type, the market is mainly categorized into collection & transportation, processing, analysis, and storage. On the basis of utilization, it is categorized in used and unused. Depending on cell type, it is classified into umbilical cord stem cell, cord blood, cord tissue, placenta, adult stem cell, and embryonic stem cell. By bank type, the market is divided into public and private. By age group, the market is mainly categorized into adult and children. By type, it is categorized in brackets, anchorage appliances, ligatures, and arch wires. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include stem cell banking market American CryoStem Corporation, Americord Registry LLC, Cordlife Group Limited, Cordlife Group Limited, Cryoholdco De LatinoAmerica, S.A.P.I. DE C.V., StemCyte Cord Blood Bank, Covis Pharma., Global Cord Blood Corporation., Smart cells. and CSG BIO.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global stem cell banking market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global stem cell banking market growth.
KEY MARKET SEGMENTS
By Service Type
Collection & Transportation
Processing
Analysis
Storage
By Utilization
Used
Unused
By Cell Type
Umbilical Cord Stem Cell
Cord Blood
Cord Tissue
Placenta
Adult Stem Cell
Embryonic Stem Cell
By Bank Type
Public
Private
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
American CryoStem Corporation
Americord Registry LLC
Cordlife Group Limited
Cryo Cell International Inc.
Cryoholdco De LatinoAmerica, S.A.P.I. DE C.V.
StemCyte Cord Blood Bank
Covis Pharma.
Global Cord Blood Corporation.
Smart cells.
CSG BIO.
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